NOS Nieuws — Economie24 Jul 2026Macro
Automatically composed with AI from the cited sources
The Netherlands is placing 2.7 million barrels of commercial crude oil stocks on the market, with a state-held tranche potentially following in the coming weeks, as part of the IEA’s record 400-million-barrel coordinated release announced in March. The stocks come from commercial entities legally required to hold reserves, such as Schiphol airport and the Port of Rotterdam, and the release follows Brent crude rising above $100 a barrel after Iran’s closure of the Strait of Hormuz disrupted approximately 20% of global seaborne oil flows.
Context
It precedes the July 27 slide in Brent crude to below $88 a barrel after the US paused strikes on Iran for a third night .
